Futures exchange to offer contracts for silver|Business|chinadaily.com.cn

Futures exchange to offer contracts for silver|Business|chinadaily.com.cn


TheSilverPrice.info

The Shanghai Futures Exchange received regulatory approval on Wednesday to start tradingin silver contracts, giving Chinese investors a new way to bet on the precious metal.

The lot size of the contracts was set at 15 kilograms and the lot prices will be allowed tofluctuate by 5 percent a day. The margin requirement was set at 7 percent and prices will bequoted in yuan. The minimum amount the prices will be allowed to fluctuate was set at 1 yuan(16 US cents).

The silver contracts are the first of their type to be offered in China. Before, investors had touse Shanghai Gold Exchange Ag (T+D) contracts to conduct certain transactions of the metal.They could also go to commercial banks to buy paper silver, which don't have to be deliveredphysically.

JP Morgan Silver Manipulation by Jason Hommel

JP Morgan Silver Manipulation by Jason Hommel


TheSilverPrice.info

Allow me to bring you up to date on what you need to know about JP Morgan's manipulation of the silver market.

It is being exposed, and JP Morgan is failing, and losing money on their scheme.  

On April 5th, we were given the gift of JP Morgan's Blythe Masters giving a TV interview on CNBC where she was trying to claim that JP Morgan does not hold any position in the silver market, but rather, is hedging client long positions in silver.  

Blythe says, "We store significant amounts of commodities, for instance silver, on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market," she said.

Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

TheSilverPrice.info

Based on the April 20th, 2012 Premium Update. Visit our archives for more gold & silver analysis.

The New York Times reported on a growing phenomenon in Europe: “suicide by economic crisis.” Apparently people are taking their own lives in despair over unemployment and economic failure. Paul Krugman in his column in the New York Times wonders if it isn’t the case that European leaders are committing economic suicide for the Continent as a whole.

Just a few months ago I was feeling some hope about Europe. You may recall that late last fall Europe appeared to be on the verge of financial meltdown; but the European Central Bank, Europe’s counterpart to the Fed, came to the Continent’s rescue. It offered Europe’s banks open-ended credit lines as long as they put up the bonds of European governments as collateral; this directly supported the banks and indirectly supported the governments, and put an end to the panic.

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

GoldMarketNews.EU

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

Silver moves up on firm global trend - The Economic Times

Silver moves up on firm global trend - The Economic Times

TheSilverPrice.info

Silver Technical Precious Metals (2012-04-26) - International Business Times

Silver Technical Precious Metals (2012-04-26) - International Business Times

TheSilverPrice.info

Morning Report

Silver attempts to breach 61.8% Fibonacci correction at 30.40 as shown above, but the metal was unable to confirm the breach of this level and returned to settle now above this level, providing a candlestick formation that suggests another bullish attempt today. But at the same time, the metal is still below the previously breached support of the sideway range at 31.25 over intraday basis. Therefore, we remain neutral awaiting silver to exit this narrow range.